J&J Eyes Supreme Court After Investor Suit Class Status Upheld

Johnson & Johnson failed to convince an appellate court to reconsider its sustaining of an investor class in a lawsuit tied to statements about the safety of its talc products.

The US Court of Appeals for the Third Circuit on Tuesday denied J&J’s petition for a rehearing by the panel and the court en banc, potentially setting up a US Supreme Court bid by J&J as appellate courts around the country grapple with challenges to shareholder class status.

Three of the twelve judges—including Judge Cindy K. Chung, who’d dissented on the Third Circuit’s not-precedential decision retaining the investor class ...